One97 Communications, the parent company of digital payments major Paytm, dropped out of the 100-most valued companies list on the BSE as the stock price of the company tanked a whopping 20 per cent in the last two trading sessions.

At 10:48 am; with market capitalisation (market cap) of Rs 40,863 crore, Paytm stood at 112th position in overall ranking of the BSE listed companies. The company lost market cap of Rs 60,537 crore since it's listing day. The company had made its market debut on November 18, 2021. It was at the 51th position in overall ranking with market cap of Rs 1.01 trillion.

Shares of Ruchi Soya Industries surged 18 per cent to Rs 1,140 on the BSE in Tuesday’s intra-day trade, zooming as much as 42 per cent in the past two trading sessions after the company announced plans to launch Rs 4,300-crore follow-on public offering (FPO) next week.

At 02:34 pm; the stock of the company, which is owned by Baba Ramdev-led Patanjali Ayurved, traded 13 per cent higher at Rs 1,090 on the BSE. In comparison, the S&P BSE Sensex was down 1.6 per cent at 55,596. The trading volume at the counter jumped over 10-fold with a combined around 1 million equity shares changing hands on the NSE and BSE.

HDFC Bank announced on Tuesday that its total business in Karnataka has crossed Rs two trillion, making it the largest private sector bank in the state in terms of overall business volume.

The bank's total advances in the state stood at Rs 73,655.39 crore on September 30, 2021, which included loans to retail, corporate, MSME and Microfinance customers, the bank said in a press release. The lender enjoys a market share of nine per cent in total advances in the state.

Ratan Tata-backed BlueStone, a leading omnichannel jewellery retailer, has raised over $30 million in funding at a valuation of $410 million. The funding round was led by Sunil Kant Munjal, Chairman, Hero Enterprise, who is an acknowledged go-to investor for many startups across stages. BlueStone is India’s largest omnichannel precious jewellery brand with a design-led approach and with fresh collections being updated every month.

South Korean tech giant Samsung will set up a compressor plant at an outlay of Rs 1,588 crore near here, a senior group official said on Tuesday.

Spread over 22 acres, the new plant will have a capacity to make eight million units per year.

Mumbai International Airport Ltd. has delayed a proposed dollar bond offering, according to people familiar with the matter, as market volatility prompts borrowers around the world to adjust their funding plans.

The operator of India’s second-largest airport had said in an exchange filing in late February that it would be meeting with investors for the proposed issuance.

Ecommerce giant Amazon on Tuesday put out a public notice in a newspaper accusing Future Retail (FRL) and its promoters of committing fraud after Reliance Industries (RIL) took over some retail stores of FRL.

Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer’s $3.4 billion deal with Reliance Industries Limited (RIL). In October 2020, Amazon sent legal notice to Future for the deal. It alleged it breached Future’s agreement with Amazon.

As Tata Sons chairman, N Chandrasekaran chairs the board of several group companies. But his appointment as Air India chairman, which was made public on Monday, is somewhat different. As chairman, he will steer the operation of the recently acquired airline until a chief executive is found, according to people in the know.

In a rare development, Chandra, as he’s popularly known, is likely to be named ‘accountable manager’ of Air India.

Gaurav Porwal, former chief operating officer (COO) of Ola, has joined Tata Digital, a wholly owned subsidiary of Tata Sons, according to people familiar with the development. He will help in the company’s mission of building consumer-centric digital businesses for deep consumer engagement and their needs across verticals.

Porwal will report to CureFit founder and CEO Mukesh Bansal, who last year in June joined Tata Digital as president, Tata Digital Limited.

The price of ten gram of 24-carat gold increased by Rs 10 on Monday to Rs 52,810, while silver increased by Rs 4,400 per kg to Rs 74,700.

Ten grams of 22-carat gold is selling at Rs 48,410 on Monday.

In Delhi and Mumbai, the price of 10 grams of 24-carat gold stands at Rs 52,810. The price of 10 grams of 22-carat gold in Delhi and Mumbai is Rs 48,410.

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